ENOVERT SOUTH LIMITED

Company number: 02664840

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 22 January 2020

and approved by Saranne Hooton

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 51%
• in 61 days or more: 30%

Invoices due but not paid within agreed terms: 30%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms 60 days from date of invoice

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Business will notify suppliers of a dispute within 30 days of receipt of goods/services detailing the reason for the dispute and those invoices received that are disputed (the invoice affected by the dispute). These invoices will be held for payment until disputed reason is satisfied (consideration for payment on account for part of service that is satisfied). The business shall engage in negotiation, callaboration, mediation to resolve any disputes.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Yes

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No